5 SBI Mutual Fund Schemes where you can invest through SIP of Rs 500

Some of the SBI Mutual Fund Schemes have given good returns in the last one year. In this post, I have chosen 5 mutual fund schemes of SBI Mutual Fund where you can start a SIP with a minimum amounts Rs 500 per month for one year.

5 SBI Mutual Fund Schemes where you can invest through SIP of Rs 500

1. SBI Blue Chip Fund

SBI Bluechip Fund aims to provide investors with opportunities for long-term growth in capital. This fund has given a very good performance to the investor. The fund has generated a return of 28.76 per cent in the last one year. Last three and five years returns of this fund are 13.13% and 18.03% respectively. The fund is suitable for investors who want exposure to blue-chip Indian companies from a medium to long-term perspective. This fund is managed by Ms. Sohini Andani and she is managing this fund since Sep 2010. You can begin a SIP in this fund through minimum amounts of Rs 500 per month for a year. If you want to invest a lumpsum amount and the initial investment is Rs 5,000.The current NAV of this mutual fund under the growth scheme is Rs 38.54.

2. SBI Magnum Multicap Fund

This scheme would invest in a diversified basket of equity stocks. The fund invests 50-90% in large-cap, 10-40% in midcap and 0-10% in small cap. The fund aims to provide investors with opportunities for long-term growth in capital along with the liquidity. The performance of this fund is good. The fund has given a return of 35.23% in the last one year. Last three and five years returns of this fund are 15.94% and 20.66% respectively. The fund is suitable for investors looking for capital appreciation with a long-term investment horizon. This fund is managed by Mr. Anup Upadhyay and he is managing this fund since February 2017. You can start a SIP in this fund with minimum amounts of Rs 500 per month for a year. The current NAV of this mutual fund under the growth scheme is Rs 48.38.

3. SBI Magnum Midcap Fund

SBI Magnum Midcap Fund aims to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme. The fund can invest 65% - 100 % of its assets in midcap stocks. The fund has given a fantastic performance over the longer term. The fund has generated a return of 31.64% in the last one year. Last three and five years returns of this fund are 16.45% and 25.18% respectively. The fund is suitable for investors looking for capital appreciation with a long term investment horizon. This fund is managed by Ms. Sohini Andani and she is managing this fund since July 2010. You can invest in this fund through DIP with Rs 500 per month for 12 months. The current NAV of this mutual fund under the growth scheme is Rs 86.14.

4. SBI Magnum Balanced Fund

SBI Magnum Balanced Fund scheme will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in a relatively safe portfolio of debt. The fund has given a return of 26.48 per cent in the last one year. Last three and five years returns of this fund are 11.73% and 17.48% respectively. The fund provides a suitable investment opportunity for those who wish to benefit from the growth potential of equity without being completely exposed to equity markets. This fund is managed by Mr. R. Srinivasan and Mr. Dinesh Ahuja. You can start a SIP in this fund with minimum amounts of Rs 500 per month for one year. The current NAV of this mutual fund under the growth scheme is Rs 127.52.

5. SBI Magnum Equity Fund

SBI Magnum Equity Fund is positioned as large cap fund. The fund has generated a return of 23.03% in the last one year. Last three and five years returns of this fund are 9.13% and 14.36% respectively. The fund is suitable for investors who are looking for long term capital appreciation with relatively lower risk. This fund is managed by Mr. R. Srinivasan and he is managing this fund since May 2009. You can start a SIP in this fund with minimum amounts of Rs 500 per month for 12 months. The current NAV of this mutual fund under the growth scheme is Rs 94.92.

Disclaimer: This article is strictly for informational purposes only. Mutual funds do not guarantee any returns. Past performance of a fund may or may not sustain in the future. Please consult a mutual fund advisor or a financial planner before taking any investment decision.

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Wednesday 3 January 2018